NOT LISTED FOR SALE

408 E 6th Ave Gastonia, NC 28054

16 Beds
8 Baths
6,720 Sq Ft
0.63 Acres

Last Sold November 10, 2022

Last sale price $1,915,000 $285 Per Sq Ft

15 Days on Market

Highlights

  • Covered Patio or Porch
  • Laundry Room
  • Forced Air Heating System
  • Breakfast Room
  • Shed
  • 5-minute walk to Lineberger Park

About This Home

As of November 2022

Amazing investment opportunity including 4 duplexes with 8 total units! All units are Move-In-Ready and have been completely renovated! Updates include New Granite Countertops, New Soft Close Shaker Cabinets, New SS Appliances, New LVP Flooring throughout, New Washers & Dryers, Fresh Paint & New Lighting throughout, New Bathroom Vanities, Fixtures and Faucets, New Blinds, New Hardware, New Closet Shelving, and so much more! Also Updated are 6 New Water Heaters with 2 existing ones serviced, New Insulation in Crawlspaces with Vapor Barriers, 6 New HVAC units with 2 existing ones services, All ductwork serviced, New Gutters, Soffits and Fascias on all buildings, and New Exterior front porch railings! This is a turnkey investment and has plenty of parking for all units as well! Full brick exteriors also mean very low maintenance in the years to come... Too many updates and highlights to list, do not miss this opportunity! Schedule your showing today! DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Rory Cummins

EXP Realty LLC Ballantyne License #103438 Listed on: 09/25/2022

EXP Realty LLC Ballantyne

Last Buyer's Agent

Gina Fritz

SECU*RE Inc. License #288813

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.63

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 6,720 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Breakfast Room
  • Vinyl Flooring
  • Crawl Space
  • Carbon Monoxide Detectors

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Lot
  • 1 to 5 Parking Spaces

Outdoor Features

  • Covered Patio or Porch
  • Shed

Additional Features

  • Level Lot
  • Forced Air Heating System

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for garbage pick-up, all utilities
  • Rent includes management, outdoor lighting
  • Assessor Parcel Number 109098, 109097

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1989
  • Ratio Current Price By Acre: 3039682.54
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt
  • Structure Type: Other
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Vinyl
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Sq Ft Unheated Basement: 0
  • Porch: Covered,Front
  • Room Other: Bathroom(s),Bedroom(s),Breakfast,Family Room,Kitchen,Laundry
  • Appliances: Ceiling Fan(s), CO Detector, Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 8
  • Total Bedrooms: 16
  • Living Area: 6720
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 840

Exterior Features

  • Exterior Features: Shed(s)
  • New Construction: No
  • Construction Status: Complete
  • Tax Location: Gastonia
  • Construction Type: Site Built
  • Property Features: Dishwasher,Porch/Patio,Range/Oven,Refrigerator
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Lot, Parking Space - 4+

Utilities

  • Heating: Central, Forced Air
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level, Closet
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 109098, 109097
  • Zoning Description: RMF
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: Management, Outdoor Lighting
  • Tenant Pays: Garbage Pick-up, All Utilities
  • Pets Allowed: No

Tax Info

  • RATIO List Price By Tax Amount: 8.58080

Multi Family

  • Number Of Units Total: 8
  • Unit Count: 8

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2022 11/10/22 Sold $1,915,000 -1.8% $285 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
09/25/2022 09/25/22 For Sale $1,949,900 -- $290 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,791 $541,680 $17,500 $524,180
2024 $5,791 $541,680 $17,500 $524,180
2023 $5,850 $541,680 $17,500 $524,180
2022 $3,022 $227,240 $18,700 $208,540
2021 $3,068 $227,240 $18,700 $208,540
2019 $3,090 $227,240 $18,700 $208,540
2018 $2,358 $168,435 $24,937 $143,498
2017 $2,358 $168,435 $24,937 $143,498
2016 $2,358 $168,435 $0 $0
2014 $2,417 $172,651 $24,937 $147,714
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3906052

Canopy MLS (Canopy Realtor® Association)